Dick’s Sporting Items (DKS) Inventory Strikes -Zero.21%: What You Ought to Know


In the last trading session, Dick’s Sporting Goods (DKS) closed at USD 105.70, a move of -0.21% from the previous day. That change was smaller than the S&P 500’s 1.08% daily loss.

Ahead of today’s trading, the sporting goods retailer’s stock was up 7.89% over the past month. This has exceeded the retail wholesale sector’s loss of 4.25% and the S&P 500’s profit of 2.93% over that period.

DKS will look to show strength as the next results release approaches, which is expected to be on August 25, 2021. The company is expected to post earnings per share of $ 2.65, down 17.45% from the year-ago quarter. Our latest consensus estimate was for revenue of $ 2.81 billion, up 3.46% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates suggest that analysts expect earnings of $ 8.96 per share and revenue of $ 10.82 billion. These sums would mean a change of +46.41% and +12.92% respectively compared to the previous year.

It is also important to note the recent changes in analyst estimates for DKS. These most recent revisions typically reflect developments in short-term business trends. Therefore, positive estimate revisions reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe these valuation revisions are directly related to team-based stock movements. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.

The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of Outperformance Monthly, the EPS estimate from Zacks Consensus increased 0.52%. DKS is currently a Zacks Rank # 2 (Buy).

Based on the valuation, DKS has a forward P / E of 11.82. This is a discount to the industry’s average forward P / E of 15.14.

The story goes on

Also, we should mention that DKS has a PEG ratio of 1.66. This popular metric is similar to the widely known P / E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Retail – Other held an average PEG ratio of 1.47 at yesterday’s closing price.

The Retail-Other industry is part of the Retail-Wholesale sector. This industry currently has a Zacks industry rank of 107, which puts it in the top 43% of all over 250 industries.

The Zacks Industry Rank is a best-to-worst ranking based on the average Zacks rank of each company in each of those sectors. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.

To keep track of DKS in the upcoming trading sessions, be sure to use Zacks.com.

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